If the Initial Closing Condemnation Value is greater than an amount equal to 1% of the Total CEGPS Contribution but does not exceed an amount equal to 12.5% of the Total CEGPS Contribution, the amount of # the Initial CEGPS Contribution shall be reduced by 50% of that portion of the Initial Closing Condemnation Value that is not attributable to any Second Closing Condemnation Items (such portion, the Net Initial Closing Contributed Entities Condemnation Value) and # the Second CEGPS Contribution shall be reduced by 50% of that portion of the Initial Closing Condemnation Value that is attributable to any Second Closing Condemnation Items (such portion, the Crestwood Pipeline East Condemnation Value) and such condemnation shall not otherwise affect the Applicable Closing. If the Initial Closing Condemnation Value is in excess of an amount equal to 12.5% of the Total CEGPS Contribution, either Party may elect, by Notice to the other Party within 10 Business Days after the finalization of the Initial Closing Condemnation Value, to terminate this Agreement. If neither Party terminates this Agreement pursuant to the preceding sentence, the # the Initial CEGPS Contribution shall be reduced by 50% of the Net Initial Closing Contributed Entities Condemnation Value and # the Second CEGPS Contribution shall be reduced by 50% of Crestwood Pipeline East Condemnation Value and such Initial Closing Condemnation Loss shall not otherwise affect the Initial Closing or the Second Closing. If the Initial Closing Condemnation Value is less than an amount equal to 1% of the Total CEGPS Contribution, neither CEGPS nor Crestwood shall have the right or option to terminate this Agreement and there shall be no reduction in the amount of the Initial CEGPS Contribution or the Second CEGPS Contribution as a result of the Initial Closing Condemnation Loss.
If the InitialSecond Closing Condemnation Value is greater than an amount equal to 1% of the TotalSecond CEGPS Contribution but does not exceed an amount equal to 12.5% of the TotalSecond CEGPS Contribution, the amount of # the Initial CEGPS Contribution shall be reduced by 50% of that portion of the Initial Closing Condemnation Value that is not attributable to any Second Closing Condemnation Items (such portion, the Net Initial Closing Contributed Entities Condemnation Value) and # the Second CEGPS Contribution shall be reduced by 50% of that portion of the Initialsuch Second Closing Condemnation Value that is attributable to any Second Closing Condemnation Items (such portion, the Crestwood Pipeline East Condemnation Value) and such condemnation shall not otherwise affect the ApplicableSecond Closing. If the InitialSecond Closing Condemnation Value is in excess of an amount equal to 12.5% of the TotalSecond CEGPS Contribution, either Party may elect, by Notice to the other Party within 10 Business Days after the finalization of the InitialSecond Closing Condemnation Value, to terminate the transactions contemplated by this Agreement.Agreement to occur at the Second Closing (but not this Agreement). If neither Party terminates the transactions contemplated by this Agreement to occur at the Second Closing pursuant to the preceding sentence, the # the Initial CEGPS Contribution shall be reduced by 50% of the Net Initial Closing Contributed Entities Condemnation Value and # the Second CEGPS Contribution shall be reduced by 50% of Crestwood Pipeline Eastthe Second Closing Condemnation Value and such InitialSecond Closing Condemnation Loss shall not otherwise affect the Initial Closing or the Second Closing. If the InitialSecond Closing Condemnation Value is less than an amount equal to 1% of the TotalSecond CEGPS Contribution, neither CEGPS nor Crestwood shall have the right or option to terminate the transactions contemplated by this Agreement to occur at the Second Closing and there shall be no reduction in the amount of the Initial CEGPS Contribution or the Second CEGPS Contribution as a result of the InitialSecond Closing Condemnation Loss.
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